Vietnam, Oman ink double taxation avoidance agreement

Hanoi, Apr 18, 2008 (Asia Pulse Data Source via COMTEX) -- -- ? Vietnam and Oman signed an agreement on double taxation avoidance and income tax evasion prevention in Hanoi on April 18.

The agreement was signed by Vietnamese Finance Minister Vu Van Ninh and Omani Economy Minister Ahmed Macki in the witness of Permanent Deputy Prime Minister Nguyen Sinh Hung.

It is the first of its kind between Vietnam and a Middle Eastern country, said the Finance Ministry.

The signing will create favourable conditions to support stronger economic and investment relations between Viet Nam , Oman and the Middle East region. It hopes to ensure Vietnam ?s preferable tax system for foreign investment.

The agreement follows the recent establishment of a common investment fund of Vietnam and Oman .

Vietnam has so far signed double taxation avoidance agreements with 49 countries and territories.

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